South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen fuel cell cars, as well as a government-led push to reduce power generation by coal and nuclear. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The country’s LNG demand is forecast to grow to 47.97 million mt in 2034, compared with this year’s estimated consumption of 41.69 million mt, the Ministry of Trade, Industry and Energy said in its Long-term Natural Gas Supply Plan. LNG demand for power generation is projected to increase at an average pace of 0.33% a year to 20.88 million mt in 2034, from an estimated 20.01 million mt in 2021. Retail gas companies’ demand for households and businesses is forecast to grow at an average of 1.73% annually […]